What is the best way?

[Eleonora Grynivetskaya]

I don't have any real estate investment experience, and I want to start immediately a first deal. 

The situation is: 

- I have only two months to apply for a mortgage up to $200k.

- I was thinking to buy an apartment and rent it out, but I found out there are many different ways to invest such as short sale, foreclosure, fix and flip etc. I need your advice to get the best out of it.  What would you do in my situation? 

Your suggestions would be greatly appreciated.